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Bruno (3140) · RiskSoftened

Risks related to store investment and leased properties

First written in FY2016. 3 of 5 entries say "Softened", first in FY2020. Latest entry: FY2023.

5entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2017SoftenedFY2020 – FY20232016: 12017: 120172018: 020182019: 020192020: 120202021: 020212022: 120222023: 12023
Same theme, other companies
Reliance on Leased Stores and Recovery Risk for Security and Guarantee DepositsA theme 25 companies write about · 26 as a headwind · 0 as a tailwind

Bruno moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).

The whole theme swung hardest in 2022: 5 of 18 companies on the "Worse" side.

0 other companies' latest entry also says "Softened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 25 companies compared. The sentences above are computed from all 25.
Full recordFilings, disclosures and news, newest first
  1. FY2023SoftenedAnnual report

    「New installation of significant equipment: None applicable.」

    There are no major capital expenditure plans for new stores indicating proactive store investment, and the company continues to invest cautiously in stores.
  2. FY2022SoftenedAnnual report

    「While the outlook for containing the spread of COVID-19 remains uncertain, the company plans to invest cautiously in store development. However, if the Group fails to grow in line with its plans, this may affect its operating results.」

    The company continues to pursue a policy of cautious store investment. Its capital expenditure plans also state that there are no applicable major plans for new construction or disposals.
  3. FY2020SoftenedAnnual report

    「While the outlook for containing the spread of COVID-19 remains uncertain, the company plans to invest cautiously in store development. However, if the Group fails to grow in line with its plans, this may affect its operating results.」

    The wording has changed from indicating that store investment would continue to be expanded proactively to indicating that it would be conducted cautiously while monitoring infection conditions.
  4. FY2017RestatedAnnual report

    「The company will continue investing in store development, but if it fails to grow in line with its plans, this may affect its operating results.」

    The company reiterates its continued investment in store expansion and the risk of failing to grow as planned.
  5. FY2016First statedAnnual report

    「The company will continue investing in store development, but if it fails to grow in line with its plans, this may affect its operating results.」

    In addition to the risk that store expansion may not proceed as planned, the company identifies risks involving the recovery of security deposits and sales proceeds due to the bankruptcy of landlords and other factors.
Moved together

"Aggressive store expansion centered on the MILESTO format" moved the same way as this thread, in the same document, in 3 of its 5 moves.

322★123
  1. ★This thread
  2. 1Aggressive store expansion centered on the MILESTO format3×
  3. 2Improving Gross Margin2×
  4. 3Higher import procurement costs due to yen depreciation2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Bruno yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risks related to store investment and leased properties | BRUNO,Inc. (3140) | Komori